Chinese bitcoin conglomerate BTCC has announced a new blockchain service that prioritises bitcoin transaction confirmations for BTCC customers called BlockPriority.
It has since diversified into almost every segment of bitcoin ecosystem – mining, payment processing, consumer wallets, and blockchain engraving.
The company said in a statement that BlockPriority provides expedited confirmations of bitcoin transactions sent through BTCC’s services even when the bitcoin network is under stress or undergoing spam attacks.
The service works by submitting bitcoin transactions sent to or from any BTCC wallet address directly to BTCC’s mining pool for rapid confirmation.
Customers who pay lower transaction fees on other exchanges or wallet services may have to wait before the bitcoin network confirms their transactions, said BTCC.